InvestorForce in hedge fund data clarity drive

Pennsylvania-based technology vendor InvestorForce has launched an online service that lets investors access data and information from the murky world of hedge fund managers.

The US company said the system, named Hedge Funds Marketplace, screens 2,200 hedge funds globally. It is designed to rank the performance of managers, evaluate products and outline information on investment strategies.

US hedge funds are not registered with the Securities and Exchange Commission, and so, unlike mutual funds, do not have to publish performance data.

Thomas Zucosky, senior vice-president of InvestorForce’s alternative investments group, said: “The ability to access detailed hedge fund of funds information is becoming increasingly critical for due diligence.”

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